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The approval follows Navi’s announcement in August 2026 that it had raised $100 million from Prosus in its first institutional funding round.
The investigation follows claims by a hacking group called ScarlettGroup that it had breached the lender's records and threatened to release the allegedly compromised information.
In a separate filing, Ola Electric said Motilal Oswal Financial Services and Calliope Capital Advisors had applied for a combined 2.39 crore shares under the rights issue.
The opening of the cybersecurity centre comes amid rising concerns of data theft and hacking led by AI agents globally.
SBI has hired an independent cybersecurity agency empanelled by CERT-In to investigate the incident and assess the extent of the exposure.
Fairfax has also proposed bringing its interests in Go Digit Life Insurance, Go Digit General Insurance and IIFL Capital Services under IDBI Bank.
The startup will use the fresh capital to expand its wealth and investment teams, strengthen its technology platform and build its investor education ecosystem.
While India has spent a decade trying to make money move without paper, the face of Gandhi on the currency note remains as relevant as ever.
In his new role, Malli will be responsible for the Department of Supervision (Supervisory Assessment).
The appointment follows a succession process that gained momentum after Sashidhar Jagdishan informed the board in August that he would step down at the end of his term.
Saha, who joined Kotak Mahindra Bank in January 2026, will succeed Ashok Vaswani, whose term as CEO ends on December 31.
The average ticket size for digital NBFC loans stood at Rs 18,802, up around 15% from FY26.
The government's decision to reintroduce MDR has triggered a debate among merchants and the payments industry.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
![The MCC mayhem: HDFC Bank enters the scene; PayU sues banks; Razorpay prepares to contest IRF claims [Exclusive]](/upload/theheadandtale.com/2026/09/1789475840_7b2f2e1ea7_mcc_misuse_2.jpg)
What began as a one-off dispute in which ICICI Bank quietly initiated interchange reimbursement fee (IRF) claims over MCC misuse is now turning into an industry-wide contest.
In its order, the Delhi HC has asked the RBI to depute a senior officer to help the parties reach a resolution within 30 days.
The IPO-bound company this week received in-principle approval for two domestic payments licence from the Central Bank of the UAE (CBUAE).
The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
